The United has been considered as a hot spot for real estate investors around the world. The particular areas that are put into top consideration are the Midwest areas. Florida, Texas and North Carolina are also considerable hot spots.
RealtyBizNews reports that an investor based in Tampa Florida named Jason Medley sees the Midwest as a very viable investment spot for real estate. Mr. Medley also runs a group of elite investors who call themselves "The Collective Genius." He also adds that Memphis, Indianapolis and Birmingham and surrounding nearby areas are where people are focusing to in order to get a roll for their money.
HER Realtors president, Michael Mahon, informs RealtyBizNews that most investors that are into "flipping" opportunities are still focusing communities on the East and West Coast with a desire for immediate returns. Flipping is the purchasing of properties that are already run down, restoring or improving it then profiting from it. Flipping in these areas has become flooded as more and more investors join in which generates lower returns.
Flipping on a traditional level in the Midwest is not at all that viable. Mr Medley and his company will be targeting those who have "more money in the bank" type of investors. Focusing on a "buy-to-rent" type of income.
Questia adds that Florida, North Carolina and Texas as other hot spots for investors that would want to seek good returns at a faster rate. Considerable factors for such investments are the growth in population and job opportunities. Austin-Round Rock and Houston-Basytown-Sugar Land, Texas, Raleigh-Cary, North Carolina falls into the first, second and third respectfully on the Top 20 markets for real estate.
As for WA today, they have included mining-dependent areas like Sydney's North Shore, Sunshine Coast and the Gold Coast. All three places is said to be a good places to live in but not buy from. "No Go" areas are Dampier, Port Hedland, Newman and Karratha because of the high prices that do not compensate for the resources aren't at all booming.
The Midwest will most likely be experiencing a boom in terms of real estate investments. Texas. Florida and North Carolina are also considered as a hot spot areas in the United States.
